TradingView
safri
Feb 11, 2017 3:19 PM

Rectangle Pattern - AUDJPY (4Hrs) Short

Australian Dollar/Japanese YenFXCM

Description

Hello Traders,

I hope everyone had a profitable week.

Here is something for the next week..

AUDJPY is in consolidation zone in a rectangle channel since last few days. It seems like price is resisting and will make downward move to retest the support area. Latest Engulfing Candle on resistance level and an overbought RSI indicate short entry.
More